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Your link isn't showing up yet , but I can answer anyway with my own survey. I can account for over a hundred different crypto wallets, including a number of du

Your link isn't showing up yet , but I can answer anyway with my own survey. I can account for over a hundred different crypto wallets, including a number of duplicates on the same chain, some of which have been active at one point or another over the past decade. At one point about 6 years ago it was close to a thousand. And in the circles I used to frequent (miners and pool ops - often the same entities), this was a middling number, not extraordinary at all. The simple observation that one runs* into the same several dozen people over, and over, and over again at every crypto congregation whether online or in person, should be a strong indication that this is an extremely inbred space and the sock puppetry amplification from principal to agent is conservatively inflating usage metrics by a factor of 100 if not more. * edit: okay this is somewhat dated information, maybe today it's a couple hundred instead of several dozen.

olalonde 3y ago
> I can account for over a hundred different crypto wallets, including a number of duplicates on the same chain, some of which have been active at one point or another over the past decade. Indeed, on-chain address data is more or less useless for counting users, I mentioned this in my comments. The survey I shared wasn't based on on-chain data.
- pclmulqdq 3y ago
  On-chain data establishes a useful upper bound on active user count, but does not say the actual number. The upper bound is low enough to say that it's a few thousand users.
  - olalonde 3y ago
    The upper bound would be over 1 billion for Bitcoin (1+ billion unique addresses)[0]. The number of daily active addresses is around 1 million[1]. And that doesn't account for second layer transactions. Where do you get the "few thousand" from? [0] https://studio.glassnode.com/metrics?a=BTC&category=Addresses&m=addresses.Count https://studio.glassnode.com/metrics?a=BTC&category=Addresse... [1] https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount https://studio.glassnode.com/metrics?a=BTC&m=addresses.Activ...
spaceman_2020 3y ago
I'm in a few telegram groups with a bunch of large whales, including a few influencers you would know by name if you're active on Twitter. One of these whales has a bot farm sybiling every protocol imaginable 24x7. Got an Arbitrum airdrop of over 1,000,000 tokens across more than 800 wallets. I have about 10 addresses in my main Metamask account, and I have iirc 4-5 Metamask accounts, each with minimum 2-3 addresses.

olalonde 3y ago

> I can account for over a hundred different crypto wallets, including a number of duplicates on the same chain, some of which have been active at one point or another over the past decade. Indeed, on-chain address data is more or less useless for counting users, I mentioned this in my comments. The survey I shared wasn't based on on-chain data.

pclmulqdq 3y ago
On-chain data establishes a useful upper bound on active user count, but does not say the actual number. The upper bound is low enough to say that it's a few thousand users.
- olalonde 3y ago
  The upper bound would be over 1 billion for Bitcoin (1+ billion unique addresses)[0]. The number of daily active addresses is around 1 million[1]. And that doesn't account for second layer transactions. Where do you get the "few thousand" from? [0] https://studio.glassnode.com/metrics?a=BTC&category=Addresses&m=addresses.Count https://studio.glassnode.com/metrics?a=BTC&category=Addresse... [1] https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount https://studio.glassnode.com/metrics?a=BTC&m=addresses.Activ...

spaceman_2020 3y ago

I'm in a few telegram groups with a bunch of large whales, including a few influencers you would know by name if you're active on Twitter. One of these whales has a bot farm sybiling every protocol imaginable 24x7. Got an Arbitrum airdrop of over 1,000,000 tokens across more than 800 wallets. I have about 10 addresses in my main Metamask account, and I have iirc 4-5 Metamask accounts, each with minimum 2-3 addresses.